December 11, 20205 yr 2 minutes ago, F250 said: Why does Oracle need a headquarters? Isn't it just a patent troll at this point?
December 11, 20205 yr Dallas south is becoming more Dallas than Dallas itself. .Soon people will be referring to Dallas as Austin North
December 11, 20205 yr $185bn dollar company moves to Austin on a Friday afternoon. Barely makes the news given all the other shit going on in Texas this month. Wow. Great news though for y'all in the tech space. This is by most metrics the second largest software company in the U.S., right? Would love to hear more about which C-level/founders are coming here, etc. That footprint on Riverside is massive, but it won't last much longer if the exodus continues. More importantly, somebody break this down---did my property taxes and traffic just get worse or more alleviated? One thing is for sure, the sponsorship opportunities for Austin FC, Moody Arena, et. al. just got more interesting.
December 11, 20205 yr 13 minutes ago, midtown said: Dallas south is becoming more Dallas than Dallas itself. .Soon people will be referring to Dallas as Austin North So wait, is South Austin now North South Dallas? We're gonna need a bigger river. Which thoroughfare, or lack thereof in Austin parlance, will become our Sand Hill Road? Edited December 11, 20205 yr by Lobo
December 11, 20205 yr 53 minutes ago, immamac said: They already have a huge HQ like campus here. Yep. Phase 1 and 2 are complete with a lot of land still for future phases as well.
December 11, 20205 yr This California wealth tax is creating a tsunami to Texas and is fundamentally changing the future fortunes of Dallas and Austin for the next 30 years.
December 11, 20205 yr 1 minute ago, Somnio said: Yep. Phase 1 and 2 are complete with a lot of land still for future phases as well. I'm guessing they only bring a few hundred essential employees, including leadership here. What a wild coincidence that a previous bond capital pool just fast-tracked that new pedestrian bridge over near their Riverside campus. And the city is easing restrictions on development code at that Statesman tract at South Congress/Town Lake. I'll give 'em credit, they kept their mouths shut the last few weeks while this was all coming to fruition. Still, it's going to be curious to watch the homeless camps curiously sprout up all around the Oracle campus in the coming year or so.
December 11, 20205 yr 7 minutes ago, Somnio said: Wow. Tesla next? I think the "brand" for Tesla still needs a state like California on which to hang its hat. But yeah, their second largest factory, their primary battery facility, Musk's boring company, spaceX facility in South Texas with offices in Austin, the Musk Foundation, Musk himself, and now (though it's largely symbolic) rumors of Musk's SFO moving to Texas as well. All of those combined are just as valuable, if not more, than the ceremonial Tesla HQ/primary model-S factory. Or at least, the equation will be that way in a few years.
December 11, 20205 yr 11 minutes ago, Lobo said: I think the "brand" for Tesla still needs a state like California on which to hang its hat. But yeah, their second largest factory, their primary battery facility, Musk's boring company, spaceX facility in South Texas with offices in Austin, the Musk Foundation, Musk himself, and now (though it's largely symbolic) rumors of Musk's SFO moving to Texas as well. All of those combined are just as valuable, if not more, than the ceremonial Tesla HQ/primary model-S factory. Or at least, the equation will be that way in a few years. Did I miss a memo? Does Musk have a place in Austin?
December 11, 20205 yr 11 minutes ago, Lobo said: I'm guessing they only bring a few hundred essential employees, including leadership here. What a wild coincidence that a previous bond capital pool just fast-tracked that new pedestrian bridge over near their Riverside campus. And the city is easing restrictions on development code at that Statesman tract at South Congress/Town Lake. I'll give 'em credit, they kept their mouths shut the last few weeks while this was all coming to fruition. Still, it's going to be curious to watch the homeless camps curiously sprout up all around the Oracle campus in the coming year or so. I'm not so sure about that. They don't own all that land around their existing buildings for no reason. And Austin was already considered a frontrunner for the HQ for TikTok Global. Maybe unrelated, but.... https://www.google.com/amp/s/www.cnet.com/google-amp/news/tiktok-sale-deadline-elapses-as-negotiations-with-us-continue/ Oracle and Walmart would get a combined 20% stake in a new company called TikTok Global, which is expected to go public in the next year. Four of the five members on TikTok Global's board of directors will be American. TikTok Global also plans to create 25,000 US jobs as part of an expansion of its global headquarters, which will remain in the US.
December 11, 20205 yr I dunno, I typed it all out fast, blurring the lines between just Austin and Texas overall. I suspect he setup home in the Hill Country somewhere according to his biographer. Somewhere with quick helicopter or racecar access to Austin, and room enough/close enough access to an airstrip. But it's just an educated guess. Rest is geographically accurate. There's a dozen Tribeza, Chronicle, and Texas Tribune reporters out there looking inside any Tesla they see to crack the story.
December 11, 20205 yr 7 minutes ago, capnamerca said: Did I miss a memo? Does Musk have a place in Austin? Doesn't say Austin, but many are making the assumption based on a few things including.... Musk also recently relocated his private foundation to Austin. Bloomberg news service reported that the Musk Foundation, which was based in California, created an entity in Austin over the summer. The two entities then merged, according to a certificate filed with the Texas Secretary of State in October that Musk signed, and the resulting entity is now based in the Austin area. https://www.statesman.com/story/business/2020/12/08/elon-musk-confirms-he-has-moved-texas/6495684002/ Edited December 11, 20205 yr by Somnio
December 11, 20205 yr The movement to Austin is just incredible. I am sitting here thinking the demand for lots is just going to explode even further.
December 11, 20205 yr 44 minutes ago, Somnio said: I'm not so sure about that. They don't own all that land around their existing buildings for no reason. And Austin was already considered a frontrunner for the HQ for TikTok Global. Maybe unrelated, but.... https://www.google.com/amp/s/www.cnet.com/google-amp/news/tiktok-sale-deadline-elapses-as-negotiations-with-us-continue/ Oracle and Walmart would get a combined 20% stake in a new company called TikTok Global, which is expected to go public in the next year. Four of the five members on TikTok Global's board of directors will be American. TikTok Global also plans to create 25,000 US jobs as part of an expansion of its global headquarters, which will remain in the US. Tiktok doesn't have to be sold anymore. Oracle and WMT can get fucked.
December 12, 20205 yr As long as they leave all of the Californians there too I'm ok with it. Don't California my Texas fuck faces.
December 12, 20205 yr How the fuck can tiktok need 25000 employees. Are they all working on infrastructure? Ad sales? Wtf...twitter has like 4-5k right?
December 12, 20205 yr Author 41 minutes ago, Hate said: As long as they leave all of the Californians there too I'm ok with it. Don't California my Texas fuck faces.
December 12, 20205 yr This is interesting. I don’t think it will bring many relocations. Like many tech companies, Oracle is moving away from the notion of being tied to an office. And while tech brings people to the Bay from all over the world, in my experience most people in G&A (the only function tied to HQ) are native Californians - especially in older companies like Oracle. I don’t see them particularly interested in moving to Texas. That said, fuck being tethered to Redwood City. Edited December 12, 20205 yr by We’reTexas
December 12, 20205 yr 3 hours ago, Hate said: As long as they leave all of the Californians there too I'm ok with it. Don't California my Texas fuck faces. It's happening.
December 12, 20205 yr 4 hours ago, Hate said: As long as the only thing they change is to make weed legal then it's ok. That may happen with the legislature meeting this year anyway. Seriously. I read that they're looking at everything to make up for the budget shortfall, especially sin taxes like legalized gambling and weed.
December 12, 20205 yr 5 hours ago, David Dennison said: It's happening. It's a done deal. Californication is coming to Texas (it's been there for a long time), but now you get real Californians! Wow. Great. No worries.They are friendly folk. Laid back. Fun. They come loaded with cash after cashing out their cramped properties, so hipsters beware - they want to drink your milkshake and be like you. Give them - all genders - Longhorn hats immediately as part of your welcoming - and make them wear it around you. It will help them bond with you. They are good folk. They bring nice amenities wherever they migrate, which is nothing to sneeze at.
December 12, 20205 yr 10 hours ago, Blotto said: How the fuck can tiktok need 25000 employees. Are they all working on infrastructure? Ad sales? Wtf...twitter has like 4-5k right? Yeah that sounded weird as fuck. Or they mean it comes from the Oracle + wmt workforce ?
December 12, 20205 yr 12 hours ago, blacklab said: Yep, living here now Does he have a place next to Urban Meyer?
December 12, 20205 yr 35 minutes ago, texasjacket said: First Colorado, now Texas... Texans were the original Barbarians at the Gate in Colorado
December 12, 20205 yr It's a done deal. Californication is coming to Texas (it's been there for a long time), but now you get real Californians! Wow. Great. No worries.They are friendly folk. Laid back. Fun. They come loaded with cash after cashing out their cramped properties, so hipsters beware - they want to drink your milkshake and be like you. Give them - all genders - Longhorn hats immediately as part of your welcoming - and make them wear it around you. It will help them bond with you. They are good folk. They bring nice amenities wherever they migrate, which is nothing to sneeze at. There is a reason they are leaving California. They fucked it up. They will try to do the same thing here.
December 12, 20205 yr 2 hours ago, Hate said: There is a reason they are leaving California Covid and stay at home work has lessened the perceived need for a headquarters in expensive and desirable California locations. Work at home employees are scattering to locales with open space. Austin/Denver is dirt cheap compared to some California locations. The I-35 corridor from Austin to DFW presents a lot of opportunities, similar to the I-25 corridor in Colorado (Colorado Springs, Denver, Boulder, Fort Collins). Edited December 12, 20205 yr by washparkhorn
December 12, 20205 yr HPE from California to Houston last week. Oracle and Elon to Austin this week. Silicon Valley is gonna look like Detroit soon, as distributed working is the new normal and people realize you don’t have to live in a specific geography and pay Caesar so much to live among feces and $6000 mortgages. But it’s not just California who are hurting corporations with unfavorable tax policies as Florida is the other beneficiary and last week there were rumors of Goldman Sachs moving from NY to Florida, which would kind of be insane. I mean what is NYC without high finance? Fashion only? Edited December 12, 20205 yr by DonkeyCigars
December 12, 20205 yr The good news is all of the Oracle software folks will love Austin's transportation system, since they're used to slow, bloated and painful to use.
December 12, 20205 yr 23 minutes ago, BradInATX said: The good news is all of the Oracle software folks will love Austin's transportation system, since they're used to slow, bloated and painful to use. Or they can just afford to buy a cool car and drive it instead of having to rely on public transit and/or try to make bicycle culture catch on and seem cool.
December 12, 20205 yr 8 minutes ago, DonkeyCigars said: Or they can just afford to buy a cool car and drive it instead of having to rely on public transit and/or try to make bicycle culture catch on and seem cool. A month of 100+ degree days will cure them of wanting to commuting on a Bike.
December 12, 20205 yr Milken family office now relocating to Austin from California as well. The hits keep on coming. I mean, not on the par of Oracle, just seemed like a thread in which to deposit news of more California capital and traffic hitting our "shores"
December 12, 20205 yr 3 hours ago, BradInATX said: The good news is all of the Oracle software folks will love Austin's transportation system, since they're used to slow, bloated and painful to use. Good thing Larry Ellison downsized yachts a few years ago from the 452’ “Sunrise” to the 288’ “Musashi”. Maybe he can squeeze it in on Lake Austin...
December 13, 20205 yr 15 hours ago, Hate said: I understand it. I don’t like it. I get it completely. As the California Borg of Money flooded Colorado, there were people who warned what the influx would bring.
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.